Haverty Furniture Companies (NYSE:HVT.A) Stock Price Down 7.3% – Should You Sell?

Haverty Furniture Companies, Inc. (NYSE:HVT.A) shares were down 7.3% on Thursday . The stock traded as low as $28.05 and last traded at $28.05. 264 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 194 shares. The stock had previously closed at $30.25.

Haverty Furniture Companies Price Performance

The company has a market cap of $451.32 million, a price-to-earnings ratio of 23.38 and a beta of 0.80. The stock has a 50-day moving average price of $26.38 and a 200 day moving average price of $25.51.

Haverty Furniture Companies (NYSE:HVT.A) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $189.05 million during the quarter.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.